An Insurmountable Barrier to Entry Can Enable a Firm to Earn

question 25

Multiple Choice

An insurmountable barrier to entry can enable a firm to earn positive economic profits in ______.

• A)the long run, but not the short run
• B)neither the short run nor the long run
• C)the short run, but not the long run
• D)the short run and the long run

---

Definitions:

Restructuring

The process of altering the organizational, operational, or financial setup of a company to make it more profitable, efficient, or better organized for its current needs.

Systematic Change

A comprehensive and coordinated effort to modify the structures, processes, or policies of an organization or society to achieve significant improvements.

Work Redesign

The process of reevaluating and altering jobs or workflows to improve employee productivity and job satisfaction.

Exit Incentives

Benefits offered to employees to encourage voluntary departure, usually as part of workforce reduction strategies.